REGISTERED NUMBER: 08126489 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Moorbridge Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G W Jowett

Mr I Jowett

SECRETARY:

Mr I Jowett

REGISTERED OFFICE:

The Grove Peache Way

Bramcote

Nottingham

NG9 3DX

REGISTERED NUMBER:

08126489 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

97,356

64,292

Investments

5

230,350

33,427

Investment property

6

860,000

980,382

1,187,706

1,078,101

CURRENT ASSETS

Stocks

95,851

16,788

Debtors

7

2,540,756

1,596,812

Cash at bank

35,691

506,358

2,672,298

2,119,958

CREDITORS

Amounts falling due within one year

8

1,358,342

976,087

NET CURRENT ASSETS

1,313,956

1,143,871

TOTAL ASSETS LESS CURRENT LIABILITIES

2,501,662

2,221,972

CREDITORS

Amounts falling due after more than one year

9

(33,543

)

(52,611

)

PROVISIONS FOR LIABILITIES

(158,618

)

(150,352

)

NET ASSETS

2,309,501

2,019,009

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

402,838

402,838

Retained earnings

1,906,563

1,616,071

SHAREHOLDERS' FUNDS

2,309,501

2,019,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr I Jowett - Director

1.	STATUTORY INFORMATION

Moorbridge Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Moorbridge Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

79,950

998

80,948

Additions

121,695

-

121,695

Disposals

(79,950

)

-

(79,950

)

At 31 December 2024

121,695

998

122,693

DEPRECIATION

At 1 January 2024

15,990

666

16,656

Charge for year

24,339

332

24,671

Eliminated on disposal

(15,990

)

-

(15,990

)

At 31 December 2024

24,339

998

25,337

NET BOOK VALUE

At 31 December 2024

97,356

-

97,356

At 31 December 2023

63,960

332

64,292

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

61

33,366

33,427

Additions

-

245,050

245,050

Disposals

(61

)

(48,066

)

(48,127

)

At 31 December 2024

-

230,350

230,350

NET BOOK VALUE

At 31 December 2024

-

230,350

230,350

At 31 December 2023

61

33,366

33,427

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

980,382

Disposals

(120,382

)

At 31 December 2024

860,000

NET BOOK VALUE

At 31 December 2024

860,000

At 31 December 2023

980,382

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

219,675

Valuation in 2022

317,442

Cost

322,883

860,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

322,883

443,264

Investment property was valued on an open market basis on 31 December 2024 by Mr Ian Jowett, Director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

79,936

2,658

Amounts owed by group undertakings

-

231,357

Other debtors

2,460,820

1,362,797

2,540,756

1,596,812

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

21,215

12,098

Trade creditors

233,427

10,845

Taxation and social security

92,764

7,890

Other creditors

1,010,936

945,254

1,358,342

976,087

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

33,543

52,611

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr G W Jowett

Balance outstanding at start of year

-

-

Amounts advanced

163,813

-

Amounts repaid

(163,813

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr I Jowett

Balance outstanding at start of year

-

-

Amounts advanced

30,362

-

Amounts repaid

(30,362

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on the overdrawn directors' loan accounts at H M Revenue & Customs official rate of interest of 2.25% per annum.

11.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with a participating interest amounted to £899,688 (2023: £743,342).

The balance outstanding on interest free loans provided to a subsidiary company amounted to £Nil (2023: £231,357).